LegalPay, which is the countrys largest litigation funding platform, has launched Interim Financing Bonds that will allow retail investors to participate in a segment that is largely seen as an arena only for the high-net-worth individuals (HNIs).
These bonds are fixed-income instruments to finance the expenses of companies undergoing Corporate Insolvency Resolution Process (CIRP). Retail investors can invest a minimum of 10,000 in these bonds that have a credit rating of BBB- and a coupon rate of 14 per cent.
Litigation funding is fast gaining popularity in India as an increasing number of law firms and businesses look at such financing to fund their legal matters.
Simply put, litigation financing is third-party funding for litigatio…
Read the full article at: https://www.businesstoday.in/latest/corporate/story/now-retail-investors-can-invest-in-interim-financing-bonds-heres-how-359563-2023-01-10